NFLX · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

NETFLIX INC · 2026-10-21 · Importance 54 · Surprise 40 · Contradicted

Q3 2026 revenue increased 12% year over year to $12.874 billion from $11.510 billion, including $1.057 billion of subscription-revenue growth and $256 million of advertising-revenue growth. Nine-month revenue increased 14% to $37.684 billion from $33.132 billion, driven by $3.472 billion of subscription-revenue growth and $864 million of advertising-revenue growth. Foreign-exchange changes, net of hedging, contributed $101 million to Q3 growth and $508 million to nine-month growth. Netflix operates as one consolidated operating segment, with Q3 regional revenue of $5.628 billion from UCAN, $4.107 billion from EMEA, $1.603 billion from LATAM, and $1.537 billion from APAC.

Key facts

• Deferred revenue as of September 30, 2026: $1,780 million, with the vast majority expected to be recognized as revenue within the next month. source
• Revenues for the three months ended September 30, 2026 increased $1,363,869 thousand (12%) versus the three months ended September 30, 2025, including a $101 million favorable impact from changes in foreign exchange rates, net of hedging. source
• Total revenues for the three months ended September 30, 2026: $12,874,176 (in thousands). source
• Total revenues for the nine months ended September 30, 2026: $37,683,871 (in thousands). source
• For the three months ended September 30, 2026, NETFLIX INC reported revenues of $12,874,176 thousand (i.e., $12.874 billion). source
• For the nine months ended September 30, 2026, NETFLIX INC reported revenues of $37,683,871 thousand (i.e., $37.684 billion). source

Impact estimates